Owens-Brockway Glass Container announces senior note offering

St. Louis, Nov. 15 - Owens-Brockway Glass Container Inc. plans to make an offering of senior notes in the Rule 144A market, the company said in a news release Monday.

Proceeds together with borrowings under its secured credit agreement, if necessary, will be used to fund the purchase by Owens-Illinois Inc. of its $350 million of outstanding 7.15% senior notes due 2005, to fund the purchase by BSN Glasspack SA, an affiliate of Owens-Brockway Glass Container Inc., of the approximately €140 million of outstanding 10¼% senior subordinated notes due 2009 of BSN Financing Co. SA, and to fund the purchase by BSN Glasspack SA of €160 million of 9¼% senior subordinated notes due 2009 of BSN Glasspack Obligation SA.

Owens-Brockway Glass Container is a Toledo, Ohio-based container company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.